ISLAMABAD, Dec. 08 (INP-WealthPK) — From 2010 to 2020, the data centre industry in Pakistan experienced a spectacular growth. Data centres has evolved from ICT (information and communication technology) equipment rooms to cloud data centres. According to a report of China Academy of ICT (CAICT), an independent research institution, rapid development of new technologies such as artificial intelligence (AI), …

  ISLAMABAD, Dec. 08 (INP-WealthPK)—Pakistan’s current account posted a deficit of $2.8 billion for the first four months of the ongoing fiscal against a deficit of $5.3 billion recorded in the corresponding period of the previous financial year, WealthPK reports. The current account deficit decreased due to an increase in exports from the country and a contraction in imports. According …

  ISLAMABAD, Dec. 08 (INP-WealthPK) – Pakistan needs to introduce modern cultivars, improve market infrastructure and post-harvest handling techniques to increase pomegranate production in order to offer better economic benefits to the growers and sufficiently meet the domestic demand. This was stated by Dr Nurullah, a senior scientific officer with the National Agriculture Research Centre (NARC), while talking to WealthPK. …

  ISLAMABAD, Dec. 08 (INP-WealthPK) — The country’s production of olive oil is likely to fall by 30% as a result of the adverse effects of climate change, Olive Cultivation Programme’s National Project Director Dr Hassan Tariq said. Speaking to the media, he said that this season’s production of olive oil is projected to total 70 million metric tonnes, down …

  ISLAMABAD, Dec 08 (INP-WealthPK) — The Khyber Pakhtunkhwa (KP) government is determined to develop culture and tourism as a thriving industry in the region by fostering connections between academia and business. The Khyber Pakhtunkhwa Culture and Tourism Authority (KPCTA) and Ghulam Ishaq Khan Institute of Engineering Sciences and Technology (GIKI) have signed a Memorandum of Understanding (MOU) to collaborate …

  ISLAMABAD, Dec, 08 (INP-WealthPK)—Ahsan Zafar Bakhtawari, President of Islamabad Chamber of Commerce and Industry (ICCI), has said that if the government wants to revive exports of the country it needs to help the businesses community so that it can invest in export-oriented industry. He said that exports came down to USD11.93 billion in the first five months (July-November) of …

  ISLAMABAD, Dec 08 (INP-WealthPK) — The government has made available funds totalling more than Rs4.21 billion to carry out initiatives relating to information technology during the first four months of the current fiscal year under the Public Sector Development Programme 2022-23. According to a document available with WealthPK, the government has approved the use of development funds worth Rs4,211.21 …

  ISLAMABAD, Dec 08. (INP-WealthPK)–The total foreign investment in Pakistan showed a decrease of 52.1% during the first four months of the current fiscal, WealthPK reports. According to the monthly economic update and outlook released by the Ministry of Finance, total foreign investment in the country was recorded at $348.3 million in the first four months of the ongoing financial …

ISLAMABAD, Dec 08 (INP-WealthPK) — The country’s tobacco exports increased by 55.79% during the first four months of the fiscal year 2022–23 compared to the corresponding time the previous year. According to data from the Pakistan Bureau of Statistics (PBS), Pakistan exported tobacco worth $17.792 million between July and October 2022–23 compared to $11.420 million between July and October 2021–22, …

  ISLAMABAD, Dec 06 (INP-WealthPK) – Pakistan’s trade deficit with Australia declined by 39.70% to $52.73 million during the first four months (July-October) of the current fiscal year from $87.45 million during the same period of last year, according to the Ministry of Commerce. Pakistan’s bilateral trade with Australia was recorded at $255 million during the first four months of …